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National Bankshares
(NASDAQ:NKSH)
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Rating:79Outperform
Price Target:
$48.00
â–²(17.70% Upside)
Action:Reiterated
Date:08/18/26
The score is driven primarily by strong financial resilience (notably the very clean leverage profile and solid profitability/cash conversion), supported by a positive technical uptrend and reasonable valuation with a strong dividend. Offsetting factors include the recent TTM revenue decline, near-overbought momentum signals, and a near-term earnings hit from the securities portfolio restructuring despite its longer-term yield benefits.
Positive Factors
Conservative Balance Sheet
The absence of reported debt materially limits financial risk and interest burden, giving the bank flexibility through changing credit and rate conditions. Stable-to-growing equity and healthy TTM ROE further support durable capital strength.
Negative Factors
TTM Revenue Decline
The substantial top-line contraction indicates pressure on the bank’s revenue base and may reflect weaker spread income or business activity. Sustained revenue recovery is needed to demonstrate that recent profitability improvement can persist over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Conservative Balance Sheet
The absence of reported debt materially limits financial risk and interest burden, giving the bank flexibility through changing credit and rate conditions. Stable-to-growing equity and healthy TTM ROE further support durable capital strength.
Read all positive factors
National Bankshares (NKSH) vs. SPDR S&P 500 ETF (SPY)
Market Cap
$259.79M
Dividend Yield3.76%
Average Volume (3M)10.28K
Price to Earnings (P/E)12.8
Beta (1Y)0.60
Revenue Growth5.28%
EPS Growth79.93%
CountryUS
Employees251
SectorFinancial
Sector Strength70
IndustryBanks - Regional
Share Statistics
EPS (TTM)3.18
Shares Outstanding6,370,620
10 Day Avg. Volume13,549
30 Day Avg. Volume10,278
Financial Highlights & Ratios
PEG Ratio0.13
Price to Book (P/B)1.15
Price to Sales (P/S)2.50
P/FCF Ratio14.07
Enterprise Value/Market Cap<0.01
Enterprise Value/Revenue<0.01
Enterprise Value/Gross Profit<0.01
Enterprise Value/Ebitda<0.01
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)3.22
Revenue Forecast (FY)N/A
National Bankshares Business Overview & Revenue Model
Company Description
National Bankshares, Inc. operates as the bank holding company for the National Bank of Blacksburg that provides retail and commercial banking products and services to individuals, businesses, non-profits, and local governments. The company accept...
How the Company Makes Money
National Bankshares primarily makes money through its bank subsidiary by generating net interest income and noninterest income. (1) Net interest income: The core earnings driver is the spread between interest earned on interest-earning assets (pri...
National Bankshares Financial Statement Overview
Summary
Income Statement
72
Positive
Balance Sheet
86
Very Positive
Cash Flow
78
Positive
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 72.18M | 85.31M | 79.08M | 68.19M | 62.51M | 53.41M |
| Gross Profit | 45.76M | 55.58M | 44.13M | 47.90M | 58.72M | 50.71M |
| EBITDA | 13.38M | 20.64M | 10.26M | 19.43M | 32.37M | 25.27M |
| Net Income | 20.31M | 15.83M | 7.62M | 15.69M | 25.93M | 20.38M |
Balance Sheet | ||||||
| Total Assets | 1.83B | 1.82B | 1.81B | 1.66B | 1.68B | 1.70B |
| Cash, Cash Equivalents and Short-Term Investments | 661.51M | 82.73M | 141.50M | 705.20M | 728.28M | 824.87M |
| Total Debt | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
| Total Liabilities | 1.64B | 1.64B | 1.66B | 1.51B | 1.55B | 1.51B |
| Stockholders Equity | 192.23M | 184.91M | 156.41M | 140.52M | 122.69M | 191.75M |
Cash Flow | ||||||
| Free Cash Flow | 21.14M | 15.15M | 6.18M | 14.03M | 28.24M | 22.56M |
| Operating Cash Flow | 20.07M | 17.89M | 9.44M | 15.52M | 29.50M | 22.88M |
| Investing Cash Flow | -50.31M | -39.18M | 15.79M | 53.19M | -129.71M | -193.25M |
| Financing Cash Flow | -8.05M | -27.58M | -3.71M | -53.54M | 32.85M | 175.28M |
National Bankshares Technical Analysis
Neutral
40.78
Price Trends
38.66
Positive
37.33
Positive
35.95
Positive
Market Momentum
0.66
Positive
51.68
Neutral
23.21
Neutral
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For NKSH, the sentiment is Neutral. The current price of 40.78 is below the 20-day moving average (MA) of 41.53, above the 50-day MA of 38.66, and above the 200-day MA of 35.95, indicating a neutral trend. The MACD of 0.66 indicates Positive momentum. The RSI at 51.68 is Neutral, neither overbought nor oversold. The STOCH value of 23.21 is Neutral, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a Neutral sentiment for NKSH.
National Bankshares Risk Analysis
National Bankshares disclosed 31 risk factors in its most recent earnings report. National Bankshares reported the most risks in the "Finance & Corporate" category.
Finance & Corporate - Financial and accounting risks. Risks related to the execution of corporate activity and strategy
Latest Risks Added 0 New Risks
National Bankshares Peers Comparison
UnderperformOutperform
Sector (68)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
79 Outperform | $259.79M | 12.80 | 10.92% | 4.47% | 5.28% | 79.93% | |
72 Outperform | $277.50M | 12.18 | 11.08% | 3.49% | 7.03% | 69.03% | |
71 Outperform | $279.33M | 11.29 | 14.00% | 2.14% | 10.02% | 67.97% | |
71 Outperform | $226.21M | 12.03 | 9.83% | 3.06% | 20.33% | 59.91% | |
68 Neutral | $18.00B | 11.42 | 9.92% | 3.81% | 9.73% | 1.22% | |
59 Neutral | $239.39M | -7.64 | -8.75% | 0.91% | -9.20% | -302.27% |
* Financial Sector Average
NKSH
National Bankshares
40.70
9.91
32.20%
ATLO
Ames National
31.43
12.22
63.63%
INBK
First Internet Bancorp
27.44
2.42
9.67%
FRAF
Franklin Financial Services
62.07
16.59
36.48%
EFSI
Eagle Financial Services
41.62
6.23
17.61%
National Bankshares Corporate Events
Business Operations and StrategyFinancial DisclosuresM&A Transactions
National Bankshares Repositions Securities Portfolio for Higher Yields
Positive
Jul 2, 2026
On July 2, 2026, National Bankshares, Inc. completed a strategic repositioning of a portion of its available-for-sale securities portfolio, selling $131.87 million in lower-yield securities and purchasing $127.33 million in higher-yield instrument...
Business Operations and StrategyExecutive/Board Changes
National Bankshares Extends Consulting Role for Former CEO
Positive
Jul 1, 2026
National Bankshares, Inc. and its subsidiary, The National Bank of Blacksburg, have extended their relationship with F. Brad Denardo, the bank’s chairman and former president and chief executive officer, through a new consulting agreement ef...
Business Operations and StrategyFinancial Disclosures
National Bankshares Highlights Strong Q1 2026 Performance
Positive
May 18, 2026
On May 18, 2026, National Bankshares released an investor presentation detailing its first-quarter 2026 performance, highlighting GAAP net income of $4.98 million, or $0.78 per share, and core net income of $4.80 million, or $0.75 per share, repre...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.